, also known as spot transactions, is symmetric.
A foreign EXCHANGE transaction IN which THE BUYER AND SELLER MAKE DELIVERY ON THE SAME DAY OR THE SECOND BUSINESS DAY AFTER THE transaction IN the FOREIGN EXCHANGE MARKET.
Spot foreign exchange transaction is the most common form of transaction in the international foreign exchange market, accounting for most of the total foreign exchange transaction volume.
Its basic function is to complete currency exchange.
Its function is to meet the demand of temporary payment and realize the international transfer of monetary purchasing power;
Adjust the position ratio of various foreign currencies through spot foreign exchange transactions to maintain balance and avoid the risk of economic fluctuations;
The cooperation of spot foreign exchange trading and forward foreign exchange trading is used for foreign exchange speculation to seek speculative profits.
